Bank of England & ECB leave rates unchanged. BOE will spend remainder of bond plan (175 billion pound bond purchase program) to aid recovery. U.K. rates still at 0.50%. Eurozone rates still at 1.00%.
Blanchflower says they should increase their bond purchase program and consider cutting interest rates.
Trichet speaks at 8:30am EST. Many speculate that he may tout a "strong dollar" there since he really could use a weaker euro right now.
Theme of the Day so far: Aussie strength. AUD/USD, AUD/JPY, AUD/NZD all up over 1% today. Aussie enjoying the strength in gold prices and the fact that they're the only bank to raise rates out of the G-8.
% Losers on the day: USD/CHF, USD/CAD, USD/JPY...so USD is weak overall...making AUD/USD the best of both worlds.
Oil $70.19
U.S. Unemployment Claims better 521k vs. 543k expected and 554k last time.
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